CENTURY LITHIUM PROGRESS ON PERMITTING AT ANGEL ISLAND

Executive Summary

• Century Lithium announced that its Angel Island lithium project has been added to the FAST‑41 Transparency Dashboard and all baseline environmental studies have been completed and submitted to the BLM, clearing a key prerequisite for NEPA review.
• The company closed a $4.7 million LIFE financing round, earmarked to fund an updated Feasibility Study and continued permitting activities for Angel Island.
• These milestones substantially de‑risk the project and position it for further investor, offtake and government funding interest.

Key Details

• FAST‑41 Designation: In August 2025 Angel Island was formally designated as a FAST‑41 Transparency project under the Fixing America’s Surface Transportation Act, enhancing federal coordination and permitting certainty.
• Baseline Studies Completed: All required environmental baseline studies (biological, cultural, water, land use) have been finished and submitted to the Bureau of Land Management, enabling the upcoming Plan of Operations (PoO) submission for NEPA review.
• Financing Closed: A $4.7 million LIFE offering was closed in August 2025; proceeds will be used to:
• Update the Feasibility Study with latest project data and optimized lithium recovery processes.
• Fund ongoing permitting work, including PoO preparation and NEPA filings.
• Project Outlook: Angel Island remains an advanced‑stage, wholly owned lithium project in Esmeralda County, Nevada, targeting a life‑of‑mine average production of ~34,000 t/yr of battery‑grade lithium carbonate over a 40‑year mine life.
• Strategic Impact: The combined permitting progress and secured financing further de‑risk the project, improving visibility to strategic investors, off‑take partners, and potential government funding programs.

Notable Quotes

“Angel Island's addition to the FAST‑41 Transparency program is a significant milestone for Century Lithium,” said Bill Willoughby, CEO of Century Lithium. “It signals strong federal interest in advancing secure domestic lithium supply and provides greater permitting certainty to our stakeholders and future project partners.”